SBP hikes policy rate by 100bps to 16pc
Amid the on-going economic slowdown, inflation is increasingly being driven by persistent global and domestic supply shocks that are raising…
State Bank of Pakistan
SBP’s reserves fall by $134m to $7.8bn
SBP-held foreign exchange reserves fall 1.7%. SBP’s reserves fall by $134m to $7.8bn. Pakistan’s foreign exchange reserves held by the…
SBP maintains policy rate at 15pc
Higher food prices could raise average headline inflation in FY23. SBP maintains policy rate at 15pc. The State Bank of…
Commemorative Rs75 banknote available for public
The central bank had revealed the design of the banknote during a ceremony. Commemorative Rs75 banknote available for public. The…
SBP modifies foreign exchange regime
Move aims to promote documentation in forex transactions, encourage public to use banking channels. SBP modifies foreign exchange regime. The…
Pakistan’s current account deficit shrinks by 42% to $703m
SBP cites $0.5b increase in exports; contraction in imports by $0.2b as main reasons. Pakistan’s current account deficit shrinks by…
RDA inflows reach $5 billion mark in 24 months
Inflows of remittances during the month of August were recorded at $187 million: SBP RDA inflows reach $5 billion mark…
Pakistan’s REER falls to 93.2 in July
A Real Effective Exchange Rate below 100 means a country’s exports are competitive, while imports are expensive Pakistan’s REER falls…
Qatar Investment Authority considering about $3bn investment in Pakistan: report
$445-billion QIA currently evaluating strategic investments in country’s main airports in Islamabad/Karachi as well as other sectors. Qatar Investment Authority…
President Alvi appoints Jameel Ahmed as SBP governor
President gave the approval on the advice of the PM Shehbaz Sharif under Article 48(1) of the Constitution. President Alvi…